MINESHAFT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MINESHAFT
Largest movements
- Cash +€61,072
up €61,072 (+83.5%), from €73,170 to €134,242
mainly Investment in fixed assets (net) (+€49,973) and Net result for the year (+€24,730)
- Financial fixed assets -€56,183
down €56,183 (-27.9%), from €201,596 to €145,413
- Receivables within one year +€26,760
up €26,760 (+58.3%), from €45,896 to €72,656
of which Trade receivables: +€26,704
- Reserves +€24,730
up €24,730 (+8.7%), from €284,942 to €309,671
of which Distributable reserves: +€24,730
- Other debts +€19,310
up €19,310 (+65.2%), from €29,638 to €48,948
- Accrued charges and deferred income -€18,748
no longer reported in 2024 (was €18,748)
- Trade debts +€16,696
up €16,696 (+1,136%), from €1,470 to €18,166
- Tax, wage and social debts -€8,095
down €8,095 (-64.6%), from €12,524 to €4,429
of which Taxes: -€9,895
- Financial income +€19,945
up €19,945 (+3,417%), from €584 to €20,528
- Gross operating margin -€19,108
down €19,108 (-53.5%), from €35,705 to €16,596
- Other operating charges -€18,905
down €18,905 (-92.1%), from €20,525 to €1,620
- Depreciation -€1,103
down €1,103 (-23.3%), from €4,729 to €3,626
- Taxes +€826
up €826 (+13.8%), from €5,990 to €6,817
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,003 | €417,896 | +€33,892 | +8.8% |
| Fixed assets | 21/28 | €205,640 | €152,040 | -€53,600 | -26.1% |
| Tangible fixed assets | 22/27 | €4,044 | €6,627 | +€2,583 | +63.9% |
| Plant, machinery and equipment | 23 | €1,299 | €474 | -€825 | -63.5% |
| Furniture and vehicles | 24 | €2,745 | €6,153 | +€3,408 | +124% |
| Financial fixed assets | 28 | €201,596 | €145,413 | -€56,183 | -27.9% |
| Current assets | 29/58 | €178,364 | €265,856 | +€87,492 | +49.1% |
| Amounts receivable within one year | 40/41 | €45,896 | €72,656 | +€26,760 | +58.3% |
| Trade receivables | 40 | €45,896 | €72,600 | +€26,704 | +58.2% |
| Other amounts receivable | 41 | - | €56 | +€56 | |
| Current investments | 50/53 | €57,906 | €57,906 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,170 | €134,242 | +€61,072 | +83.5% |
| Deferred charges and accrued income | 490/1 | €1,391 | €1,051 | -€340 | -24.4% |
| Total equity and liabilities | 10/49 | €384,003 | €417,896 | +€33,892 | +8.8% |
| Equity | 10/15 | €321,623 | €346,353 | +€24,730 | +7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €284,942 | €309,671 | +€24,730 | +8.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €283,082 | €307,811 | +€24,730 | +8.7% |
| Profit (loss) carried forward | 14 | €24,282 | €24,282 | = | 0.0% |
| Amounts payable | 17/49 | €62,380 | €71,543 | +€9,163 | +14.7% |
| Amounts payable within one year | 42/48 | €43,631 | €71,543 | +€27,911 | +64.0% |
| Trade debts | 44 | €1,470 | €18,166 | +€16,696 | +1,136% |
| Suppliers | 440/4 | €1,470 | €18,166 | +€16,696 | +1,136% |
| Taxes, remuneration and social security | 45 | €12,524 | €4,429 | -€8,095 | -64.6% |
| Taxes | 450/3 | €12,524 | €2,629 | -€9,895 | -79.0% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €29,638 | €48,948 | +€19,310 | +65.2% |
| Accrued charges and deferred income | 492/3 | €18,748 | - | -€18,748 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,729 | €3,626 | -€1,103 | -23.3% |
| Other operating charges | 640/8 | €20,525 | €1,620 | -€18,905 | -92.1% |
| Gross operating margin | 9900 | €35,705 | €16,596 | -€19,108 | -53.5% |
| Operating profit (loss) | 9901 | €10,451 | €11,350 | +€899 | +8.6% |
| Financial income | 75/76B | €584 | €20,528 | +€19,945 | +3,417% |
| Recurring financial income | 75 | €584 | €20,528 | +€19,945 | +3,417% |
| Financial charges | 65/66B | €238 | €332 | +€95 | +39.9% |
| Recurring financial charges | 65 | €238 | €332 | +€95 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €10,797 | €31,546 | +€20,749 | +192% |
| Income taxes | 67/77 | €5,990 | €6,817 | +€826 | +13.8% |
| Profit (loss) for the period | 9904 | €4,807 | €24,730 | +€19,923 | +414% |
| Profit (loss) for the period to be appropriated | 9905 | €4,807 | €24,730 | +€19,923 | +414% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.